SEC subpoenas documents in Massachusetts; 'these products are top of mind'
The recent wave of fear surrounding the municipal bond markets is overhyped, but the increased focus on the fiscal condition of state and local budgets is a good thing, according to Leslie Barbi, head of fixed income at RS Investments.
Should investors be spooked about the prospect of a muni market meltdown after Meredith Whitney's warning on 60 minutes last week?
The leader of one of the country's most politically influential business organizations in a speech today criticized what he called a “regulatory tsunami” in Washington that represents the “biggest single challenge to jobs … and the future of American enterprise.”
Bond king likens free-spending policy makers to female mantis, 'munching on the theoretical heads of future generations'
<i>The webcast “Forecast 2011,” was held Dec. 7 in New York. The transcript was edited to acknowledge passage of the Obama-GOP tax compromise. It was moderated by deputy editor Evan Cooper and senior editor Jeff Benjamin. </i>
The Charles Schwab Corp. has been hit with another lawsuit claiming that its Total Bond Market Fund, which was represented as tracking the Lehman Brothers U.S. Aggregate Bond Index, loaded up with mortgage-backed securities prior to the financial crisis.
Asset manager sues its ex-investment chief again, this time for allegedly misappropriating trade secrets
In a sign that local economies might not be in such bad shape, the Pimco boss plunks $4.4 million of his own money into muni bond funds.
Worst performance in nearly 25 years, as prices plunge; the good news: yields are soaring
Investment guru says long bonds from Uncle Sam the kiss of death
The recent wave of panic sweeping across the municipal bond market is creating buying opportunities for professional money managers, according to Josh Gonze, manager of the $4 billion Thornburg Limited Term Municipal Bond Fund Ticker:(LTMIX).
The financial formula in Illinois: Take in $2, spend $3, borrow the difference at exorbitant rates. No wonder Pimco's Bill Gross and other muni bond experts say the state is facing the 'fiscal abyss.'
Withdrawals at fever pitch, highest in two years
Prices dropping amid year-end blitz of offerings; buying individual bonds — not bond funds — the wisest course, say money managers
Yields hit four-month high in face of rising unemployment, dour forecasts; shrinking supply seen in 2011
Issue of 30-year notes a big hit; hiked reward for standing out on the yield curve
Bond king believes predictions of wave of local bankruptcies greatly exaggerated
